jim awod is managing editor of. egan jones independent rating agency that is not paid by the corporate issuers than it rates. shawn, your firm was quick to downgrade the u.s. credit rating last year if we go over the cliff or lawmakers reach some sort of watered-down compromise, will you downgrade america again? >> no, our take on it is that it's a very positive sign that the government is wrestling with the immediate problem of the budget deficit. it was $1.4 trillion last year. it's probably going to come in at about $1.2 for the current year. so we view this whole wrangling as a positive it's the first step to solving a problem is recognizing it. most people are recognizing the immediate problem of the federal budget deficit. >> that's a remarkably glass half full view of the world shawn. i appreciate that. let me take a look at world borrowing costs. this is gauge of how investors feel about a given country. sorn debt so if you're going to buy bonds of a country. a ten-year bond yield, 1.7%. switzerland, which d